Oct 17

Calgro M3 produces solid results in first six months, reflecting entrenched sustainable growth strategy

Highlights: Headline earnings per share (“HEPS”) increased to 57.00 cents per share (2021: 42.79 cents per share), Earnings per share (“EPS”) increased to 57.04 cents per share (2021: 39.56 cents per share), Revenue increased by 5% to R607 million (2021: R576 million),Gross profit margin remained within the 20% to 25% target range, increasing to 22% (2021: 19.7%), Net finance cost decreased by 76%, Interest-bearing borrowings decreased by 3%